Minnstar Bank National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Minnstar Bank National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 333992 | Welding and Soldering Equipment Manufacturing | 8 | $280K | $35K | 5.3% |
| 484121 | General Freight Trucking, Long Distance, Truckload | 8 | $1.2M | $150K | 5.3% |
| 722511 | Full-Service Restaurants | 8 | $280K | $35K | 5.3% |
| 611110 | Elementary and Secondary Schools | 8 | $800K | $100K | 5.3% |
| 541810 | Advertising Agencies | 8 | $920K | $115K | 5.3% |
| 444130 | Hardware Stores | 8 | $1.3M | $165K | 5.3% |
| 722513 | Limited-Service Restaurants | 8 | $480K | $60K | 5.3% |
| 524210 | Insurance Agencies and Brokerages | 8 | $2.0M | $250K | 5.3% |
| 541310 | Architectural Services | 8 | $200K | $25K | 5.3% |
| 236220 | Commercial and Institutional Building Construction | 8 | $600K | $75K | 5.3% |
Geographic Distribution
SBA lending activity for Minnstar Bank National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 152 | $15.7M | 100.0% |
Why Choose Minnstar Bank National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 152 SBA loans approved, totaling $15.7M in financing
- ✓Industry Expertise: Specialized focus on Welding and Soldering Equipment Manufacturing, General Freight Trucking, Long Distance, Truckload, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 5.95% with flexible term lengths averaging 72 months
- ✓Loan Range: Loan sizes from $15K to $250K, with an average of $103K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MN
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Minnstar Bank National Association SBA lending
What types of businesses does Minnstar Bank National Association typically finance?
Minnstar Bank National Association specializes in SBA 7(a) lending to specific industries including welding and soldering equipment manufacturing, general freight trucking, long distance, truckload, full-service restaurants, elementary and secondary schools. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Minnstar Bank National Association's typical SBA loan terms?
Minnstar Bank National Association's SBA 7(a) loans typically feature an average interest rate of 5.95% and average term length of 72 months (approximately 6 years). Loan sizes range from $15K to $250K, with an average loan size of $103K.
Do I need a business valuation for a Minnstar Bank National Association SBA loan?
Yes, Minnstar Bank National Association typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Minnstar Bank National Association compare to other SBA lenders?
Minnstar Bank National Association has originated 152 SBA loans totaling $15.7M since 2020. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Minnstar Bank National Association lend in?
Minnstar Bank National Association provides SBA 7(a) financing with particularly strong presence in MN. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Professional valuations are often required for SBA loans over $250,000.
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